India’s job market is expected to grow by 9% in 2025, driven by sectors like information technology, retail, telecommunications, banking, financial services, and insurance (BFSI), according to talent platform Foundit (formerly Monster APAC & ME). Hiring in November 2024 showed a 10% increase from the previous year and a 3% rise from the previous month. The momentum is expected to continue into 2025, with emerging technologies and shifting business priorities shaping the job landscape. Innovations such as edge computing, quantum applications, and advancements in cybersecurity will impact industries like manufacturing, healthcare, and IT. Additionally, the growth of retail media networks and AI-driven workforce analytics will influence talent needs in e-commerce, HR, and digital services.
The IT sector is projected to see a 15% increase in hiring, driven by the growth of global capability centres (GCCs) and multi-cloud adoption. Retail hiring is expected to grow by 12%, reflecting a surge in traditional and tech-enabled roles. In comparison, the telecom sector is set to grow by 11%, spurred by AI, 5G, and IoT advancements. Bengaluru and Coimbatore are expected to lead city-wise job growth in 2025, with projected increases of 10% and 9%, respectively. Regionally, manufacturing, consumer electronics, and real estate sectors contributed to job market growth in FY23, with cities like Coimbatore and Jaipur leading the expansion. Additionally, hiring in finance & accounts and HR is set to rise by 8% and 7%, respectively, reflecting increased focus on digital tools, compliance, diversity, and employee experience.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.